"27 January 2023" Archive

NCLT prescribed Dress Code

File No. 25/02/2023-NCLT 27/01/2023

NCLT Dress Code for President, Members, Legal Practitioner, Authorised Representative, IRP/RP/Liquidator and parties in person File No. 25/02/2023-NCLT NATIONAL COMPANY LAW TRIBUNAL 6th Floor, Block-3, CGO Complex, Lodhi Road, New Delhi- 110003 Dated: 27th January 2023 ORDER In supercession of National Company Law Tribunal (NCLT)’s orde...

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Verizon India eligible for refund of Cenvat on Services to Verizon USA rendered as principal service provider

Verizon India Pvt. Limited Vs Commissioner of Service Tax (CESTAT Delhi)

Verizon India Pvt. Limited Vs Commissioner of Service Tax (CESTAT Delhi) The case of Revenue is that the location of service provider/appellant is in India and further in terms of Rule 9 of POPS, the service provided, being intermediary services, the location of the service provider under Rule 9 of POPS, shall be the place […]...

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Application for refund by unregistered persons under GST

To claim GST refund unregistered person shall be required to furnish the detail of invoice no., date, value, tax paid and detail of payments made to the supplier in statement-8 along with copy of Invoice, proof of  payment made to the supplier, copy of agreement/contract entered with supplier and termination proof thereof....

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Posted Under: Corporate Law |

FAQs on Block credit under GST

There are certain goods or services on which Input tax credit can never be claimed as laid down under section 17(5) of CGST Act,2017. These type of goods or services are called as Blocked credit...

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CESTAT allows Cenvat Credit of Input Services used for Removal & Disposal of Fly Ash

Shyam Metalics & Energy Limited Vs Commissioner of CGST & CX (CESTAT Kolkata)

The issue required to be decided in the present appeal is as to whether the services obtained by the appellant for removal of coal fly ash from the captive power plant which is used for generation of power, which in turn, is captively consumed for manufacture of excisable goods, can be held to be an eligible cenvatable input service....

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Interest on housing loan for Construction of Rented House allowable under section 24(b)

Anushree Agarwal Vs ACIT (ITAT Kolkata)

Anushree Agarwal Vs ACIT (ITAT Kolkata) Ground no.4 it relates to disallowance of interest of Rs.4,62,710/-. We observe that the said expenditure claimed by the assessee was disallowed by the ld.AO. Further, on perusal of the written submissions before the ld. CIT(A) it is discernible that the assessee had taken housing loan from B.O.I (B...

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Trading of SIM Cards & Recharge Coupons not amounts to providing BAS

J.K. Enterprises Vs Principal Commissioner (CESTAT Delhi)

CESTAT held that buying and selling of SIM cards and recharge coupons does not amount to providing business auxiliary service (BAS)...

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Refund claim not to be filed for suo motu credit of Cenvat reversed earlier

Mideast Integrated Steels Ltd. Vs Commissioner of CGST & Excise (CESTAT Kolkata)

Suo motu credit of Cenvat reversed earlier involved only an account entry reversal and in the process, no outflow of funds from the assesse and accordingly, filing of refund claim under Section 11B of the Central Excise Act, 1944, is not required....

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Mistakes by NRI in ITR – ITAT directs AO to consider rectification application on merits

Prasanta Kumar Mishra Vs ACIT (ITAT Cuttack)

Prasanta Kumar Mishra Vs ACIT (ITAT Cuttack) Admittedly, the assessee individual is a non-resident Indian and the facts clearly show that the return has been filed with mistakes. These mistakes can admittedly be rectified by filing a rectification application. The rectification application admittedly is not being considered on account of ...

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91 FAQs on Company Incorporation and Allied Matters in V3

1. Where should I file Company Incorporation forms effective from 23rd January 2023? Incorporation forms covering 10 forms have been migrated to V3. This phased migration is done to enable smooth transition of the portal. Both V2 and V3 are now working seamlessly. Effective from 23rd January 2023, all Incorporation forms are required to b...

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Posted Under: Corporate Law | ,

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